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INDUSTRIAL NEWS AND ANNOUNCEMENTS

Vietnam spends $600 million on fruit and vegetable imports

News Classification: Market News Publish Time: 2018-06-29 00:00:00

Vietnam spent over US$600 million on importing fruits and vegetables in the first five months of 2018, US$110 million more than the same period last year.

Thailand and China were the biggest fruit and vegetable suppliers with a value of nearly 385 million, accounting for over 64% of the country’s total imports. This is according to data of the General Department of Vietnam Customs.

Vietnam imported $274 million worth of mostly Thai fruits and some vegetables, including mango, dragon fruit, rambutan, jackfruit, durian and longan. Meanwhile, $110 million was spent on Chinese produce, such as carrots, cabbage, potatoes, pomegranates, pears, plums and grapes, over the past five months. The figure represents an increase of $31 million year-on-year.


Meanwhile, Vietnamese fruit and vegetable exports in the first five months of 2018 reached $1.62 billion, an increase of 16.4% against the same period last year, according to statistics from the Department of Farm Produce Processing and Market (DFPPM) under the Ministry of Agriculture and Rural Development.

Vietnamese fruits and vegetables are being sent to 60 countries and territories, including four main markets namely China, the US, Japan and South Korea.

In January - April this year, Vietnam-grown fruit and vegetable exports to the biggest markets registered high growth, with China importing nearly $989 million worth of products, a year-on-year increase of 30.3% and accounting for 75% of the country's fruit and vegetable export turnover.

According to agroberichtenbuitenland.nl, with the positive outcomes from 2017 and the first quarter of 2018, Vietnam is expected to gross $10 billion from exporting fruits and vegetables in the near future.

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Source: http://www.freshplaza.com/article/197247/Vietnam-spends-600-million-on-fruit-and-vegetable-imports